Mudrex

Mudrex Updated 

Toncoin (TON), has seen remarkable price appreciation from February to July 2024. The TON token price surged from $2.2052 on February 15, 2024, to an all-time high of $8.2889, representing a 375.8% increase. By February 28, 2024, the rally had started, creating significant higher highs and lower lows. The price appreciation can be attributed to several factors,...

Mudrex

Solana is creating a symmetric triangle in 1D timeframe. There is a potential breakout brewing at this levels. If the price closes above $186, we can confirm a breakout to $190 followed by a minor retest.

Mudrex

The well anticipated launch of the Ethereum (ETH) spot ETFs in the U.S. has not yet led to a significant price increase for ETH, and in fact the price has declined since the ETFs were approved and launched. What’s happening with Ethereum? - A Technical Analysis Before discussing about the major factors that triggered the bearish downturn, it is important to...

Mudrex

Bitcoin halving is a critical event in the cryptocurrency ecosystem, occurring approximately every four years, or every 210,000 blocks mined. This event reduces the reward that miners receive for validating transactions on the Bitcoin network, effectively controlling the supply of new bitcoins and influencing market dynamics.Historical Overview of Bitcoin...

Mudrex

In the past week, BYBIT:SOLUSDT has demonstrated impressive performance, yielding returns of 16.2%. This performance stands out even among the top market-cap giants. The market sentiment towards Solana and its associated tokens, including SOL-based meme coins, remains highly bullish. This bullish sentiment has propelled the prices of key Solana ecosystem coins...

Mudrex

ZRO has been the biggest loser of the week, experiencing a 35% correction following its listing on various tier 1 centralized exchanges. Due to the lack of sufficient price action, the charts are mostly empty. However, analysis of the 1-hour chart reveals the formation of a falling wedge pattern, which often precedes a bullish breakout. Given the coin's newness,...

Mudrex

AGIX has emerged as the top gainer of the week with a remarkable 27% surge following the announcement of the merger date for FET, AGIX, and OCEAN into the ASI token. AGIX experienced a significant correction, dropping to $0.4702 on June 18, which coincided with its demand zone. However, the price quickly rebounded after the merger news. AGIX is showing bullish...

Mudrex

Wormhole ( BINANCE:WUSDT ) has corrected around 34% over the past week, making it the top loser. Wormhole is a leading interoperability platform that supports multichain applications and bridges at scale. As a newly listed coin, there isn't enough price action to analyze from the chart. The $0.778 level is a crucial resistance where Wormhole has faced...

Mudrex

BINANCE:ENSUSDT or Ethereium Naming Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS is top gainer of the week with 10.44% up. The market was heavily bearish due to the BTC ETF outflows and despite of these, ENS managed to survive the wind. Earlier this month ENS approached near the $30 price mark which was the...

Mudrex Updated 

After the SEC approved ETH Spot ETFs, Ethereum was in a strong position, constantly trying to break its resistance of $4,000. It attempted to form a bullish flag, but as the US CPI and PPI data release approached, it plummeted more than 5%, following Bitcoin. The market panicked when ETH broke its support at $3,700 and then further broke $3,500, a crucial level....

Mudrex Updated 

The market is highly volatile amid the release of US CPI and PPI data. Although this has significantly impacted BTC's price action, BTC is still respecting its key levels. Yesterday, BTC broke $67,000, causing panic among investors. Currently, BTC has recovered and rebounded, creating interim support above that zone. If the CPI and PPI data are unfavorable and BTC...

Mudrex

Render Token ( BINANCE:RNDRUSDT ) is the native cryptocurrency of the Render Network, a decentralized platform offering distributed graphics processing and rendering services. It allows artists and content creators to exchange GPU compute power with node operators, facilitating the creation of high-definition graphics and visual effects. With a circulating supply...

Mudrex Updated 

Injective (INJ) has been the biggest gainer of the week with a robust increase of 20.43%. After reaching an all-time high (ATH) of $53.01, INJ experienced a significant sell-off, filling the Fair Value Gap (FVG) on the daily timeframe and touching a low of $18.70 before quickly bouncing back. Currently, INJ is trading within a range of $21.54 to $29, facing...

Mudrex

The Telegram sensation, NOT, has emerged as the top loser of the week with a significant 32.50% correction. After reaching an all-time high (ATH) of $0.029053 following its listing, GETTEX:NOT began a correction within a parallel channel and is now trading at $0.016196. It is likely to find interim support around $0.015698, but if overall market sentiment...

Mudrex

CRYPTOCAP:SOL is a consistent performer & a promising candidate for this bull run, supported by strong fundamentals & significant on-chain & market volume. On the daily time frame, BINANCE:SOLUSDT is forming a symmetrical triangle pattern, often indicating a potential breakout. Historically, SOL tends to perform well when CRYPTOCAP:BTC rises, absorbing...

Mudrex

Bonk BINANCE:BONKUSDT is the top loser of the week, experiencing a 27.29% correction. Despite this, Bonk has shown a consistent pattern of corrections and surges. There is a significant resistance zone between $0.00003975 and $0.00004798. Bonk has attempted to break through this zone three times. On May 28, 2024, Bonk tried to reach its all-time high (ATH) but...

Mudrex

On the daily timeframe, BTCUSDT is forming a large ascending triangle pattern. There is strong resistance at the current all-time high (ATH) levels. We can expect multiple retests in this supply zone. If BTC consolidates within this range and positive sentiment persists, we may see a breakout to the $84,000-$85,000 levels. The trendline will act as interim...

Mudrex Updated 

As we review BINANCE:ETHUSDT price action on the daily chart, a notable pattern emerges—a substantial falling wedge, traditionally indicative of a bullish reversal. This analysis comes at a critical juncture, particularly following the inflation data released on May 15th, 2024, which fuelled a general uptrend in the market. Ethereum capitalized on this momentum,...